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Supply Chain Inventory Optimization – Beyond the Analytics

GlobalTranz

It is easy to make analytics the cornerstone of warehouse and distribution center management. While analytics offer remarkable insights into supply chain inventory optimization, warehouse managers must still understand how the use of slotting optimization technology impacts other processes.

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Beware the Swinging Pendulum on Supply Chain Inventory Practices

Logistics Viewpoints

Supply shortages resulting in empty shelves or parking lots of WIP inventory represent a spectre causing supply chain leaders to reconsider supply chain inventory practices. Opinion of just-in-time (JIT) as a practice has taken a battering and inventory is rising. Why tell this story?

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6 Ways AI Empowers End-to-End Decision Automation in Supply Chain

Logistics Viewpoints

Consequently, everyone asserts they are utilizing AI, and those in the supply chain world are no exception. How will it address “the world hunger problem” in supply chains, particularly in the context of supply chain planning? However, the question remains: how?

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Supply Chain Analytics: Benefits, Challenges & Architecture

SCMDOJO

If you’re in the business world, you’re probably always looking for ways to streamline your supply chain operations. Luckily, supply chain analytics is here to help! But like any new technology, there are hurdles to overcome when implementing supply chain analytics.

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Give Analytics A Chance

Supply Chain Shaman

As supply chains scramble to keep up with the 32% net increase in the sale of products (physical goods), teams are reacting. Demand is outstripping supply: inefficiencies abound. Labor, once assumed as available and a cost to be managed, is now an Achilles heel in the supply chain. Supply is greater than demand.

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Give Analytics A Chance

Supply Chain Shaman

As supply chains scramble to keep up with the 32% net increase in the sale of products (physical goods), teams are reacting. Demand is outstripping supply: inefficiencies abound. Labor, once assumed as available and a cost to be managed, is now an Achilles heel in the supply chain. Supply is greater than demand.

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Multi-echelon Inventory Optimization vs Inventory Optimization

ToolsGroup

Now consider that by not optimizing your inventory from a global vantage point you may be creating, if not outright chaos, a much less efficient network than you could have. There are many pieces of the modern manufacturing supply chain. The basic approach to inventory optimization.

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